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To: I_C_Deadpeople who wrote (5245)4/29/2004 12:08:34 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 116555
 
i am aware of all the examples you bring up, and i agree with you. i am very cynical about the "great United States". however, in the aggregate, i don't think one can really compare working conditions in the US to those in the developing world. if they were the same, then costs would be the same and we wouldn't be sending all our good jobs overseas. but as it stands, a huge labor arbitrage is being implemented between the US and Chindia due to the 10:1 labor-price advantage. a good portion of the advantage has to do with laxer working standards, which American companies enjoy exploiting.

read some of the exposes in NY Times, for example, on working conditions in Chinese factories. very tough on the workers, i am afraid.



To: I_C_Deadpeople who wrote (5245)4/29/2004 1:26:35 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 116555
 
CNN interviewed some people from Allentown PA last night
some typical cross sectionals
very representative city
same ratio of old, young, Dem, GOP, retired, worker

some guy worked over 20 yrs at Bethlehem Steel
they shut down a few years ago
took down his entire pension
gone kaput nada
it aint fair
it seems to me that pension fund was a separate entity
so why should it go down?
because bankruptcy law allows creditors to seize it
poor law

/ jim